Rivulet Capital, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Rivulet Capital, LLC reported 14 stock positions worth $1.0 billion. Its top holding was PTC (PTC) at 12.2% of the portfolio, followed by Danaher (DHR, 11.1%) and Canadian Pacific Kansas City (CP, 10.3%). Compared with Q1 2025, it opened 2 new positions, sold out of 1, added to 6 and reduced 6. The biggest buy was a new position in Simpson Manufacturing (SSD) and the biggest sale SBA Communications (SBAC, shares −38%).
- Most Recent 13F
- Q2 2026
- Location
- PASSAIC, NJ
- CIK
- 0001566691
- Portfolio Value
- $1.0B (Q2 2025)
- SEC Filing
- 0000919574-25-004693 ↗ filed Aug 14, 2025
Holdings Value
Holdings 14 stocks · $1.0B
| PTC PTC Inc. | 12.23% | 731,450 | $126.1M | Reduce -6.3% |
| DHR Danaher Corp. | 11.10% | 578,750 | $114.3M | Add +10.1% |
| CP Canadian Pacific Kansas City | 10.31% | 1,340,400 | $106.3M | Add +10.1% |
| WDAY Workday Inc. Class A | 9.18% | 394,046 | $94.6M | Reduce -24.2% |
| SGI Somnigroup International Inc. | 9.03% | 1,366,800 | $93.0M | Reduce -21.4% |
| MA Mastercard Inc. Class A | 7.64% | 140,150 | $78.8M | Reduce -15.0% |
| SBAC SBA Communications Corp. | 7.33% | 321,470 | $75.5M | Reduce -37.8% |
| FIS Fidelity National Info Serv | 7.31% | 925,100 | $75.3M | Add +29.8% |
| MIDD Middleby Corp. | 6.57% | 470,169 | $67.7M | Reduce -10.8% |
| NICE Nice Ltd. - Spon ADR | 6.01% | 366,550 | $61.9M | Add +2.3% |
| CCC CCC Intelligent Solutions Ho | 5.93% | 6,489,070 | $61.1M | Add +45.8% |
| SSD Simpson Manufacturing Co. Inc. | 3.97% | 263,550 | $40.9M | New |
| RUSHA Rush Enterprises Inc. Class A | 1.87% | 374,410 | $19.3M | New |
| RXO Rxo Inc. | 1.52% | 995,750 | $15.7M | Add +32.8% |
Portfolio Sells Q1 2025 → Q2 2025
| SBAC SBA Communications Corp. | Reduce -37.8% | 7.33% | −3.80 |
| CNI Canadian Natl Railway Co. | Sold out | 0.00% | −3.40 |
| WDAY Workday Inc. Class A | Reduce -24.2% | 9.18% | −2.71 |
| MIDD Middleby Corp. | Reduce -10.8% | 6.57% | −1.27 |
| MA Mastercard Inc. Class A | Reduce -15.0% | 7.64% | −1.20 |
| SGI Somnigroup International Inc. | Reduce -21.4% | 9.03% | −1.17 |
| PTC PTC Inc. | Reduce -6.3% | 12.23% | +0.40 |
Portfolio Buys Q1 2025 → Q2 2025
| SSD Simpson Manufacturing Co. Inc. | New | 3.97% | +3.97 |
| FIS Fidelity National Info Serv | Add +29.8% | 7.31% | +2.10 |
| CCC CCC Intelligent Solutions Ho | Add +45.8% | 5.93% | +1.99 |
| CP Canadian Pacific Kansas City | Add +10.1% | 10.31% | +1.95 |
| RUSHA Rush Enterprises Inc. Class A | New | 1.87% | +1.87 |
| NICE Nice Ltd. - Spon ADR | Add +2.3% | 6.01% | +0.60 |
| DHR Danaher Corp. | Add +10.1% | 11.10% | +0.55 |
| RXO Rxo Inc. | Add +32.8% | 1.52% | +0.12 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 0 | $0 | |
| Q1 2026 | 0 | $0 | |
| Q4 2025 | 3 | $91.2M | MA, PTC, WDAY |
| Q3 2025 | 15 | $852.3M | DHR, CP, WDAY, SBAC, MIDD |
| Q2 2025 | 14 | $1.0B | PTC, DHR, CP, WDAY, SGI |
| Q1 2025 | 13 | $1.0B | WDAY, PTC, SBAC, DHR, SGI |
| Q4 2024 | 12 | $966.5M | WDAY, SBAC, PTC, MA, MIDD |
| Q3 2024 | 14 | $1.4B | MA, WDAY, SBAC, PTC, NICE |
| Q2 2024 | 14 | $1.4B | MA, WDAY, NICE, ATR, PTC |
| Q1 2024 | 16 | $2.0B | NICE, ATR, MA, PTC, FISV |